8 BEST Crypto Tax Software (2025)

Crypto tax software is a tool that allows you to prepare your taxes for your cryptocurrency assets. It allows you to calculate the profit and loss from cryptocurrency trading, calculate capital gains or losses, and take deductions on expenses.In many cases, this sort of software also includes a complete crypto portfolio tracker and analysis tool to get a bird’ eye view of all your crypto holdings across many different exchanges and wallets in one centralized interface. Crypto tax software also helps you calculate and file your crypto taxes easily.

After spending over 150 hours testing and reviewing more than 35 crypto tax software tools, this detailed guide brings you a selection of the best solutions. I’ve provided a transparent breakdown of each platform’s features, pros, cons, and pricing to ensure you can choose the best crypto tax software for your needs. These tested, trustworthy tools offer an exclusive look at the latest in crypto tax management. Read more…

Best Crypto Tax Software Reviews

Name	Tax Calculation Method	Exchanges Supported	Free Trial	Link
👍 Koinly	FIFO, LIFO, HIFO	350+ exchanges including Coinbase, Binance, Kraken, KuCoin, BitMex	Get 10% Off	Learn More
👍 CoinTracking	FIFO, LIFO	Bitbox, Binance, Bybit, FXT, Kraken, Kucoin, Uphold, Okex, Zerion, etc.	Lifetime Free Basic Plan	Learn More
CoinLedger	FIFO, LIFO, HIFO	Coinbase, Binance, Kraken, Gemini, Celsius, Bittrex, Uphold, Bitstamp, Changelly, etc.	14 Day Money Back Guarantee	Learn More
Kraken	NA	200+ including Binance, Ethereum, Cardano, Litecoin, Dogecoin etc.	Lifetime Free Basic Plan	Learn More
Uphold	FIFO	300+ including Bitcoin, XRP, Ethereum, Bitcoin Cash, Dogecoin, Litecoin , etc.	Free Wallet	Learn More

1) Koinly

Best for Automating tax reports

I reviewed Koinly, and it is one of the most impressive crypto tax software options available. It offers a straightforward solution for tracking and reporting your crypto taxes. I particularly appreciate how it helps me stay on top of my capital gains tax by offering a free preview, which I found to be a significant time-saver. The tool supports more than 6,000 coins across over 350 exchanges and 50+ wallets, covering DeFi and NFTs as well. This makes it a top-rated crypto tax software, especially for global users like me.

During my evaluation, Koinly proved to be one of the most reliable and helpful solutions for preparing crypto tax reports. I suggest using this software if you want to avoid tax season stress and need a comprehensive yet intuitive tool.

Features:

• Tax Lot Matching: Koinly supports tax lot matching, which allows you to group transactions with similar purchase dates and prices for tax reporting. This can be very helpful when calculating long-term and short-term capital gains for tax purposes. This feature ensures accurate and precise tax filing, which I’ve personally found useful in my tax filing process.
• Wallet and Exchange Tracking: You can link your wallets and exchange accounts to Koinly to automatically track your transactions. This helps ensure all transactions are accounted for, even from smaller exchanges. It saves time and ensures accuracy by automatically syncing your wallet data.
• Capital Gains Calculations: Koinly helps you calculate your capital gains and losses from crypto transactions. It uses advanced algorithms to track the price at which you bought and sold coins, applying the right cost basis method. While testing this feature, I found that it saved me hours of work in manual calculations.
• Comprehensive Tax Reports: Koinly generates highly detailed tax reports for over 20 countries, including the US, UK, Canada, and Australia. These reports are formatted to comply with local tax laws, helping you to stay fully compliant with tax regulations. This feature eliminates the stress of calculating taxes on crypto gains.
• Tax Optimization Tools: Koinly’s tax optimization options, like loss harvesting, allow you to minimize your tax liability. The software suggests ways to reduce taxes on crypto transactions by selling assets at a loss. This feature is incredibly useful during market downturns to offset gains.

Pricing:

Plan Name	Price
Newbie	$49
Holder	$99
Trader	$199

Additionally, a free trial is available for users to test the platform’s features before purchasing. All Guru99 Users Get 10% Off. Simply Click this Link and Get 10% off at checkout

Visit Koinly >>

Get 10% Off

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2) CoinTracking

Best Crypto Portfolio Tracker and Tax Calculator

CoinTracking analyses are crypto tax calculations that help you to trade and generate real-time crypto reports on profit and loss, the value of your crypto coins. You will also get updated information about realized and unrealized gains, reports for taxes, and much more.

CoinTracking is a crypto management tool that doesn’t support NFT and DeFi taxes. It integrates with exchanges like Bitbox, Binance, and Kraken. Compatible with wallets such as Trezo, ADA, and BNB, it tracks 16,465 coins, offering comprehensive crypto portfolio oversight.

Features:

• Tax-Loss Harvesting: This tool provides an excellent feature for optimizing your taxes by selling assets at a loss to offset gains. It automatically recommends the best tax-loss harvesting strategies. You will notice that this feature can be particularly useful for minimizing tax liabilities in volatile market conditions.
• Transaction Cost and Fee Tracking: This feature tracks transaction fees and other costs that can be deducted when calculating taxable gains. It helps ensure that your tax reports are as accurate as possible. I found that manually entering transaction fees can be tedious, but CoinTracking does this automatically, saving a lot of time.
• Mobile App for On-the-Go Tracking: CoinTracking offers a mobile app that mirrors the web experience. It lets you track your portfolio and generate reports while on the move. I appreciated the seamless syncing between my phone and desktop while using this feature.
• Detailed Historical Data: CoinTracking supports access to historical data for up to 10 years, making it easy to track and report long-term crypto gains or losses. You can use this historical data to predict future tax scenarios, which is especially helpful for long-term investment planning.
• Profit and Loss Analysis: CoinTracking provides in-depth analysis of your gains and losses, broken down by asset, exchange, and trade type. This transparency is key for making informed tax decisions. You can filter this analysis to focus on specific periods, which is great for tax year-end reviews.

Pricing:

Plan Name	Price (monthly)
Pro	$12.99
Expert	$19.99
Unlimited	$69.99

Visit CoinTracking >>

Lifetime Free Basic Plan

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3) CoinLedger

Best for calculating your crypto taxes in the USA

CoinLedger CoinLedger is a feature-rich crypto tax platform I tested while analyzing top crypto tax software. What stood out to me was its clean design and seamless exchange integration. I could access my Binance and Coinbase trades with just a few clicks. It is a great way to ensure accurate filings without the manual effort.

While it may not cater to DeFi yet, it is one of the best solutions for basic-to-advanced crypto trades. I suggest keeping this in mind when selecting a crypto tax tool. As a crypto consultant, I would usually recommend CoinLedger to clients who need a simple but effective way to report income from staking and trading.

Features:

• Seamless Integration with Exchanges: CoinLedger syncs automatically with over 30 popular cryptocurrency exchanges, including Binance, Coinbase, and Kraken. This ensures that all your transactions are imported accurately without manual data entry. While testing this feature, I noticed that the integration works smoothly and saves significant time by eliminating the need to manually input transaction details.
• NFT Taxation Support: CoinLedger doesn’t just track cryptocurrency; it also helps you with NFTs (Non-Fungible Tokens). It can track your NFT transactions, calculate gains or losses, and generate tax reports. You may find this particularly useful for those who’ve traded NFTs and need help managing these assets for tax purposes.
• International Tax Filing: CoinLedger supports tax filing for users in multiple countries, including the U.S., Canada, the UK, and Australia. It complies with the respective tax regulations for each supported country. While testing this feature, I noticed how useful it is for users with portfolios across
• API Integration for Developers: CoinLedger offers an API integration for developers to pull transaction data into the platform automatically. This is useful for large-scale crypto investors or businesses that need custom solutions for tax reporting. I’ve seen it work well for businesses dealing with high-frequency crypto transactions, allowing them to automate the process entirely.
• Real-Time IRS Compliance Updates: CoinLedger keeps up-to-date with IRS regulations regarding crypto taxation, ensuring that your reports are always IRS-compliant. This reduces the risk of penalties or fines. I recommend checking the IRS compliance section periodically, as tax regulations are constantly evolving.

Pricing:

Plan Name	Price
Hobbyist	$49
Investor	$99
Pro	$199

Visit CoinLedger >>

14 Day Money Back Guarantee

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4) Coinpanda

Best for Its speed to calculate your taxes and capital gains

Coinpanda stands out as a comprehensive and efficient tool for tax calculation and filing. This software is built with the needs of cryptocurrency investors and traders in mind. I particularly liked how CoinPanda allowed me to handle all my crypto tax filings in one place. It connects with so many exchanges and wallets, making it a great option for anyone in the crypto space.

It certainly made managing my taxes much more straightforward and hassle-free. It supports more than 12,000 cryptocurrencies, wallets, and blockchains, including support for NFTs and DeFi taxes. CoinPanda’s extensive features make it one of the best crypto tax tools available today.

Features:

• Tax Report Generator: Coinpanda allows you to generate tax reports directly for various tax jurisdictions, including the U.S., the UK, Canada, and more. This includes detailed breakdowns of all taxable events. You can easily export reports to files like CSV or PDF for submission to tax authorities.
• Capital Gains Tax Calculation: This tool automatically calculates your capital gains based on the FIFO or LIFO accounting methods, which are crucial for reporting profits. You will notice that it adjusts for staking rewards, forks, and air drops, ensuring accuracy.
• Airdrop and Staking Support: Coinpanda recognizes and tracks airdrops and staking rewards, ensuring they are included in your tax calculations. I found this particularly helpful when I had to report staking rewards, as it accurately categorized them as income.
• Taxable Event Recognition: This crypto tax software automatically detects and categorizes all taxable events, such as trading, staking, and hard forks. This saved me from manually tagging each transaction, making the reporting process much smoother.
• Comprehensive Support for DeFi: Coinpanda has robust support for decentralized finance (DeFi) transactions, including yield farming, liquidity pools, and lending. This is a unique strength of Coinpanda, as many tools struggle to handle these types of transactions.

Pricing:

Plan Name	Price
Holder	$79
Trader	$149
Pro	$249
Satoshi	$389

Additionally, users can benefit from a lifetime Free Basic Plan as a trial option.

Visit Coinpanda >>

Lifetime Free Basic Plan

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5) CoinTracker

Best for Portfolio value tracking feature

CoinTracker is an easy-to-use crypto tax software that helps you to start tracking your crypto portfolio, investment performance, and taxes by adding your first wallet or exchange. It provides support for 8000+ crypto assets and 300+ exchanges, and it also enables you to export your crypto tax reports to TurboTax or TaxAct.

CoinTracker doesn’t support NFT and DeFi taxes but integrates with exchanges like Binance, Okex, and Deribit. It supports multiple wallets such as Trezo, ADA, BNB, DASH, TRX, XRP, MATIC & AVAX. The platform offers full support for the US, UK, Canada, and Australia, with partial support elsewhere, and tracks over 10 coins.

Features:

• NFT Tax Support: With the rise of digital collectibles, CoinTracker now includes support for NFT tracking and tax reporting. It identifies gas fees, minting costs, and trading activity. This is particularly useful for creators and traders in the NFT space.
• CPA Access & Collaboration Tools: You can invite your accountant to view your CoinTracker dashboard with view-only access. This improves collaboration and reduces back-and-forth emails. My CPA appreciated having everything organized in one place.
• Audit Trail & Error Checker: CoinTracker identifies duplicate, missing, or misclassified transactions and flags them for review. It also has an option to reconcile balances against exchange data, which helped me find and fix a mismatched transaction from 2022.
• Forks & Airdrop Detection: The tool automatically detects chain forks and airdrops, categorizing them for proper tax treatment. This saved me from overlooking taxable income I would have otherwise missed.
• TurboTax & TaxAct Integration: CoinTracker directly integrates with TurboTax and TaxAct, simplifying your crypto tax filing process. You can import your transactions and tax reports with just a few clicks. I used this last year to cut down hours of manual data entry.

Pricing:

Plan Name	Price (yearly)
Base	$59
Prime	$199
Ultra	$599

Users can enjoy a free trial covering up to 3,000 transactions.

Visit CoinTracker >>

Free up to 3,000 transactions

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6) Awaken

Best for track and file your taxes, from Bitcoin to DeFi to NFTs

In my review of the best crypto tax software, I found that Awaken stands out as a user-friendly and efficient solution. This tool is designed to simplify the process of managing and reporting crypto transactions. It automatically classifies and calculates your crypto taxes, ensuring accuracy and saving you valuable time.

Additionally, Awaken offers portfolio analysis tools to help you make informed decisions about your crypto investments. Whether you’re involved in NFTs, lending, staking, or trading, Awaken provides comprehensive support to meet your needs. You can start using Awaken for free, paying only when you choose to download your tax reports

Features:

• Multi-Chain Wallet Integration: Awaken supports major blockchains like BTC, ETH, SOL, Base, and more. You can plug in multiple wallets without manual entry, making portfolio syncing effortless. It consolidates data across wallets in seconds. While testing this feature, I noticed it even recognizes obscure tokens accurately.
• Exchange Compatibility: This crypto tax tool works with popular exchanges such as Coinbase, Kraken, and others. All trades and transaction histories are pulled in automatically, eliminating CSV headaches and ensuring completeness. I used it with Coinbase Pro, and it fetched over 2000 transactions cleanly.
• Real-Time Tax Estimator: The software offers an in-dashboard estimator showing your current tax liability. It updates as transactions import. This is a significant relief during volatile seasons when portfolio values shift daily. I found this especially handy during tax harvesting sessions.
• Smart Deduction Recommendations: Based on your transaction history, Awaken flags possible deductions. This includes fees, mining hardware, and staking-related costs. While using this feature, one thing I noticed is that it suggested deductions I’d overlooked entirely, like ETH gas on failed transactions.
• Transaction Reconciliation Wizard: A standout feature that walks you through fixing missing or mismatched data. It shows potential fixes side-by-side. I used this when syncing a wallet that had bridged assets via LayerZero—it helped trace everything accurately.

Pricing:

Transactions	Price
Up to 100 transactions	Free
Up to 300 transactions	$69
Up to 3000 transactions	$299
For unlimited transactions	$699

Visit Awaken >>

Free up to 100 Transactions

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7) TurboTax

Best for stocks, crypto, bonds, ESPPs and more

TurboTax is one of the leading tax preparation software that allows you to file your taxes confidently and accurately. This crypto tax software offers a user-friendly interface for processing and electronically filing tax returns for individuals and businesses.

TurboTax integrates with major exchanges like Robinhood, Coinbase, Gemini, and Binance.US, among others. While it doesn’t support wallets directly, it can handle up to 4,000 cryptocurrency transactions simultaneously. The platform accommodates NFT & DeFi taxes when held for investment & is tailored for users in the United States.

Features:

• Crypto-Specific Tax Forms: TurboTax generates essential tax forms, including the IRS Form 8949 and Schedule D, which are required to report cryptocurrency earnings. The software automatically calculates your capital gains and losses, making the filing process less stressful. If you trade frequently, this feature streamlines the often-dreaded paperwork process.
• Easy Cryptocurrency Tracking: TurboTax allows users to automatically import and track their cryptocurrency transactions from over 500 exchanges. It integrates seamlessly with platforms like Coinbase and Binance, ensuring all trades, purchases, and sales are captured. This ease of integration eliminates the need for manual entry, saving you time and effort.
• Integration with TurboTax Premier: For those dealing with more complex crypto tax situations, TurboTax Premier provides additional tools and resources for in-depth reporting. This version offers expanded crypto features, including handling multiple forms of income beyond traditional wages.
• TurboTax Live Tax Expert Support: If you need personalized advice, TurboTax offers access to live tax professionals who specialize in cryptocurrency taxation. These experts can help answer any questions you might have about specific transactions or regulations, ensuring you file your taxes accurately.
• Capital Gains/Loss Optimization: TurboTax helps you identify tax-saving opportunities by suggesting tax strategies like tax-loss harvesting. This is especially helpful for crypto traders looking to minimize their taxable income. While using this feature, one thing I noticed is how TurboTax makes recommendations based on your overall trading pattern.

Pricing:

Plan Name	Price
Basic	$40
Deluxe & Premier	$45
Home & Business	$60

Link: https://turbotax.intuit.com/

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8) ZenLedger

Best for Tax professionals

ZenLedger is a crypto tax software that supports integration with more than 400 exchanges, including 30 Defi Protocols. With more than 15K customers, this crypto tax calculating application simplifies crypto tax to investors and tax professionals.

ZenLedger supports NFT and DeFi taxes, integrating with exchanges like Binance and Coinbase Pro. It’s compatible with wallets such as Ledger and Trezor, covering 400+ exchanges, 40+ blockchains, and 20+ DeFi protocols. It serves users across the globe.

Features:

• Transaction Import: This feature allows you to import transactions from more than 50 exchanges and wallets. The tool supports CSV, API, and direct exchange imports, making data collection efficient. While using this feature, I noticed it was easy enough to automate the import of transaction data from platforms like Coinbase and Binance.
• Capital Gains Calculation: The software calculates capital gains based on the difference between buy and sell prices, helping you understand your tax liabilities. This feature covers both short and long-term gains, ensuring tax accuracy. Guru99 recommends reviewing the ‘Capital Gains’ tab periodically to ensure that you’re correctly classifying your transactions.
• Customizable Tax Settings: ZenLedger allows you to adjust tax settings based on your location and tax strategy, including FIFO, LIFO, and HIFO accounting methods. This ensures your tax report matches your specific filing needs. You can also customize the tax treatment of different types of crypto activities, such as staking or airdrops.
• Audit Trail: ZenLedger provides an audit trail of all transactions, ensuring that you can trace every detail back to its origin. This is useful in case you need to justify your tax filings or check historical transactions. You’ll appreciate this feature when tax season arrives, as it gives you the confidence that every entry is backed by a clear history.
• Real-Time Portfolio Tracking: ZenLedger offers real-time portfolio tracking, helping you monitor the current value of your holdings. This feature also tracks your cost basis, providing an up-to-date snapshot of your overall crypto investments. The tool lets you see your portfolio across multiple exchanges in one unified dashboard, which I found very useful for managing my assets.

Pricing:

Plan Name	Price (yearly)
Starter	$49
Premium	$199
Executive	$399

Link: https://zenledger.io/

How does Crypto Tax Software Work?

Crypto tax software tools use various connections with cryptocurrency exchanges and wallets. The integration between the software apps, exchanges, and crypto-wallets makes this process seamless:

Step 1) Add your exchange accounts to the software via API or CSV files.
Step 2) You can connect your blockchain wallets using public keys.
Step 3) After that, you can preview your capital gains on your crypto.
Step 4) The crypto tax software enables you to download the tax documents, such as Form 8949, Schedule 1, and Schedule D.

Some cryptocurrency tax software tools also allow you to download more comprehensive reports of your portfolio’s performance and overall transactions.

How Did We Choose the Best Crypto Tax Software?

Here, at Guru99, we understand that managing crypto taxes can be daunting, but the right software simplifies the process and ensures precise reporting. The best crypto tax tools help users navigate complex tax laws, track gains, and maintain compliance. We’ve carefully selected top solutions based on their ability to streamline crypto tax filing while prioritizing reliability and security.

• Accuracy: We chose based on the software’s ability to calculate crypto gains and losses without errors.
• Security: Our team selected tools with top-tier encryption, ensuring your financial data is protected from breaches.
• User Experience: The experts in our team chose tools optimized for efficiency, offering intuitive interfaces for all users.
• Integration: We made sure to shortlist software that seamlessly integrates with various wallets and exchanges for easier tracking.
• Support: We chose based on the availability of expert support, ensuring users can get help when needed.
• Cost-effectiveness: We considered pricing to ensure users get the most value without compromising on quality or features.

How to file Crypto Taxes in USA?

Here are five simple steps to file your Crypto tax:

Step 1) First, evaluate the market value of the cryptocurrency on the day it was bought/sold.

Step 2) Determine the correct taxable event.

Step 3) Determining the tax basis.

Step 4) Keep a provision for Bitcoin loss.

Step 5) Reporting of income and capital gains on crypto.

What is FIFO vs LIFO?

FIFO and LIFO are short-form names for inventory systems. In a FIFO system, inventory is sold on a first-in, first-out basis, which means the old stock is sold first, while in a LIFO system, the last in is the first out.

For example, your grocery store uses a FIFO system, where the fresher bread or milk is sold first. The same holds for cryptocurrency, and most traders use a FIFO inventory, selling their oldest crypto first.

However, you can use either system; FIFO typically offers the most tax benefit. A FIFO system allows you to sell long-term assets before short-term ones, since long-term gains are taxed at a lower rate.

Which of your Crypto activities are taxable?

Following are Crypto activities are Taxable:

• Exchanging your cryptocurrency for another cryptocurrency.
• Selling your crypto for fiat (USD, EURO, GBP, AUD, etc.
• You can use your crypto assets to pay for goods or services.
• When you receive cryptocurrency as earnings through mining or as payment for services offered to a third party.

Verdict

Crypto tax software simplifies the complex process of reporting and managing crypto transactions. I find these tools incredibly useful for calculating gains, losses, and other taxable events from my crypto holdings. Check my verdict to get an in-depth understanding of the best tools for handling your crypto tax needs.

• Koinly: Koinly is a reliable and customizable choice, Koinly provides a user-friendly experience with extensive exchange support and tax automation features.
• CoinTracking: With its robust portfolio tracking, CoinTracking is a great solution, though it lacks features for NFT and DeFi taxation.
• CoinLedger: It is Well-suited for tax professionals in the USA, CoinLedger’s step-by-step guidance makes tax filing efficient, though it could be pricey for some users.

FAQs